Barings LLC lowered its holdings in Amphenol Co. (NYSE:APH) by 44.9% in the third quarter, Holdings Channel reports. The firm owned 23,030 shares of the electronics maker’s stock after selling 18,789 shares during the period. Barings LLC’s holdings in Amphenol were worth $2,164,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of the stock. FMR LLC boosted its holdings in Amphenol by 1.7% in the second quarter. FMR LLC now owns 38,544,742 shares of the electronics maker’s stock valued at $3,359,175,000 after purchasing an additional 660,569 shares during the last quarter. BlackRock Inc. raised its stake in Amphenol by 0.3% during the second quarter. BlackRock Inc. now owns 22,019,372 shares of the electronics maker’s stock valued at $1,918,990,000 after buying an additional 55,849 shares in the last quarter. Alecta Pensionsforsakring Omsesidigt raised its stake in Amphenol by 4.7% during the second quarter. Alecta Pensionsforsakring Omsesidigt now owns 3,585,000 shares of the electronics maker’s stock valued at $312,433,000 after buying an additional 160,000 shares in the last quarter. Select Equity Group L.P. raised its stake in Amphenol by 12.8% during the second quarter. Select Equity Group L.P. now owns 2,948,900 shares of the electronics maker’s stock valued at $256,997,000 after buying an additional 335,554 shares in the last quarter. Finally, Voya Investment Management LLC raised its stake in Amphenol by 1,165.1% during the second quarter. Voya Investment Management LLC now owns 2,659,699 shares of the electronics maker’s stock valued at $231,792,000 after buying an additional 2,449,464 shares in the last quarter. 94.45% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE APH opened at $89.50 on Thursday. Amphenol Co. has a 52-week low of $80.42 and a 52-week high of $97.56. The company has a market cap of $25.65 billion, a price-to-earnings ratio of 28.69, a PEG ratio of 1.95 and a beta of 0.88. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.19 and a current ratio of 1.68.
Several analysts have issued reports on the company. ValuEngine cut Amphenol from a “buy” rating to a “hold” rating in a research note on Thursday, October 11th. Zacks Investment Research cut Amphenol from a “buy” rating to a “hold” rating in a research note on Monday, July 23rd. Morgan Stanley cut their price objective on Amphenol from $102.00 to $100.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 3rd. Goldman Sachs Group assumed coverage on Amphenol in a research note on Tuesday, October 9th. They set a “neutral” rating on the stock. Finally, Stifel Nicolaus upped their price objective on Amphenol from $90.00 to $92.00 and gave the company a “hold” rating in a research note on Thursday, July 26th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $98.00.
In other news, VP David M. Silverman sold 7,500 shares of the stock in a transaction that occurred on Thursday, September 6th. The stock was sold at an average price of $95.51, for a total transaction of $716,325.00. Following the sale, the vice president now directly owns 7,500 shares in the company, valued at approximately $716,325. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Luc Walter sold 20,000 shares of the stock in a transaction that occurred on Friday, August 3rd. The stock was sold at an average price of $93.62, for a total value of $1,872,400.00. Following the sale, the senior vice president now owns 141,000 shares in the company, valued at $13,200,420. The disclosure for this sale can be found here. Insiders have sold a total of 65,713 shares of company stock worth $6,173,088 over the last quarter. Insiders own 2.34% of the company’s stock.
Amphenol Corporation, together with its subsidiaries, engages in the design, manufacture, and marketing of electrical, electronic, and fiber optic connectors worldwide. It operates through two segments, Interconnect Products and Assemblies, and Cable Products and Solutions. The Interconnect Products and Assemblies segment offers connector and connector systems, including fiber optic, harsh environment, high-speed, and radio frequency interconnect products, as well as antennas; power interconnect products, bus bars, and distribution systems; and other connectors.
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